Hello dear friends!
BTCUSDT continues its downtrend today and there are no signs of a reversal yet, as it has broken the support level at $41,200.
As a result, BTCUSD has not been able to find a strong support area to bounce back. The current resistance level is limiting any recovery momentum, around the $42,000 mark.
On the other hand, the support area is quite far, near $39,500, and potentially even lower at around $38,000.
BTCUSDT continues its downtrend today and there are no signs of a reversal yet, as it has broken the support level at $41,200.
As a result, BTCUSD has not been able to find a strong support area to bounce back. The current resistance level is limiting any recovery momentum, around the $42,000 mark.
On the other hand, the support area is quite far, near $39,500, and potentially even lower at around $38,000.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.